Does cultural economics affect country’s competitiveness?

Abstract

Financial ratios are informative tools that act as a director (compass) that shows a firm its corporate, strength or weakness. They are the instrument that analyses the historical data or records, for the operation of the firm. This research paper is related to the analysis of different types of ratios (Ratio Analysis) of "Krishna Readymades", a retail firm, situated at Warje, Pune in order to analyze Krishna Readymades accounting ratios are used, the primary data related to the firm is kept private as they did not wish to disclose it. The final result of the paper in accordance to the financial performance of Krishna Readymades shows, that the financial performance of the company is good as compared to the current scenario of the pandemic and the owner should maintain the reputation of the firm. Using several ratios like current ratio quick ratio proprietary ratio that's turnover ratio and net profit ratio we found the Firms Corporate strength. Finally, the study suggests measures, adoption and implementation of different types of techniques which will improve firms’ profitability.

Keyword : Ratio Analysis, Financial performance, Tool for monitoring firms’ performance.